Bloomberg Breaks Ground on Bronx Incubator Space

By Kenneth Musante Comment

The Bronx is getting it’s first city-sponsored startup incubator. Mayor Michael Bloomberg broke ground on the Sunshine Bronx Business Incubator on Wednesday, which will be able to service 400 entrepreneurs over the next three years.

The facility located in the BankNote Building at 890 Garrison Avenue in Hunts Point will follow the model set by the city-sponsored tech incubator at 160 Varick Street, and the media/freelancer space Hive @ 55 in Lower Manhattan.

“More than 15,000 new businesses were established in the Bronx in 2008, the most recent period for which there is data, and we’re creating the new Bronx business incubator to build on that momentum,” said Bloomberg in a statement.

The New York City Economic Development Corporation is giving a $250,000 grant to Sunshine Realty Management to help build the the 11,000 square foot space, which will provide about 180 workstations. Entrepreneurs will lease space on a month-to-month basis, with desks going for around $295 a month, and shared co-working spaces going for $195. The facility will also have conference rooms and host bi-weekly networking events.

Sunshine has also partnered with Baruch College to offer support services such as business and marketing help, employee management assistance, and accounting systems.

Community work spaces such as Sunshine have been popping up all over the city over the past several years, including the Kickstarter-funded New Work City at Broadway and Canal Street. Mediabistro has a list of them right here. The NYCEDC also keeps a list of city-sponsored shared work spaces.

The new space in the Bronx is expected to be completely operational by February 2011. The City expects to help launch two more incubator facilities by the end of the year.